Exploration for Uranium and
Mineral Sands in Namibia
Erongo Energy Limited is exploring two highly prospective uranium projects in Namibia:
- Erongo Granites project, which covers 415 sq kms. The Company is targeting intrusive style granite-hosted uranium deposits. Drilling to date has confirmed a main zone of uranium mineralization over an area of 1,000 metres by 1,000 metres. The uranium mineralization includes an area of higher grade mineralisation covering 600 metres by 300 metres.
- Spitskoppe project, which covers 505 sq kms. The Company is targeting secondary calcrete-hosted mineralisation as well as granite-hosted mineralization.
Erongo also has an interest in a mineral sands project (covering 1,342 sq kms), also located in Namibia.
Erongo is reviewing new project opportunities to expand its asset portfolio. Erongo is currently investigating mineral project opportunities located in Africa, South America and Australia.
At 31 December 2008 Erongo had cash at bank of $2.37 million.